Premier meets Bermudian staff at Bittrex and RELM Insurance

The Premier & Minister of Finance, the Hon. E.David Burt recently visited the offices of Bittrex Global and RELM Insurance to meet with their Bermudian staff members.

While visiting Bittrex Global, Premier David Burt said, “Fintech is creating jobs in Bermuda for Bermudians.”

The Premier continued, “When I spoke to Bittrex Global CEO, Steve Stonberg at Tech Week 2020, I urged him to hire Bermudians given the outstanding array of talent available in our country. I am grateful that he and his organisation followed through on this, and now have 6 full-time Bermudian staff members fulfilling roles in legal, compliance, and office management.

“It is great to meet their team today and hear about their experiences, and how they are helping to build Bermuda’s Fintech and digital assets industry. It is also exciting to hear their plans to recruit more Bermudians in the coming months, as well as their sponsorship of a Bermudian student to pursue Fintech qualifications through NEXT, Bermuda’s digital asset industry association that I recently introduced at Consensus in Austin, Texas.”

On RELM, Premier David Burt said, “Fintech is more than just digital assets, it is also insurance.

“In addition to the 15 companies licensed by the Bermuda Monetary Authority, there are also 7 innovative insurer general businesses the largest of which is RELM Insurance. RELM is pioneering insurance in the global digital assets industry and is the world’s leading specialty insurer in this space. In the last year, they have grown from 4 employees to 13, all of whom are Bermudian.

“They are hiring persons for entry-level positions. I have met interns in their office; persons who have just completed University where this is their first job and they have also hired two persons directly from the Bermuda Foundation for Insurance Studies. There are opportunities available for young Bermudians in this field and it is great to see the commitment of our Fintech companies to building and training Bermudian talent.”

Premier Burt concluded, “The Government is keeping its pledge to diversify Bermuda’s economy, and this is creating jobs for Bermudians.”

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